Are meetings and emails taking up so much of your time that it’s hard to get down to the basics of production optimization - modeling your wells? In a recent mentoring session with an operator’s engineers, I had the engineers write down what they do on a daily basis. The answer shocked me:
When oil prices are low it’s more important than ever that we optimize the way our wells are produced. How can we “double down” to ensure that our wells are produced efficiently at the lowest cost of operation? This article summarizes how you can do that now and for the long term.
This blog will discuss the questions that every unconventional operator wants to have answered, “which artificial lift method should I use?” and “when should I change lift method?”
Would you like to increase ESP runlife? I think the answer for most operators would be a resounding ‘yes’, especially in a low oil price environment.
The goal with ESPs (or, for that matter, any other artificial lift method) is runlife extension. Driving extended runlife significantly reduces artificial lift cost and Lease Operating Expense (LOE). This article will provide an overview of what we need to do differently to increase the runlife and reliability of ESPs.